The Bermudian dollar is the official currency of Bermuda. It is also widely used in the British Virgin Islands, the Turks and Caicos Islands, and the Cayman Islands. In addition to these four countries, the Bermudian dollar is also accepted as an alternative currency in Belize and the Bahamas. The Bermudian dollar is pegged to the United States dollar. The Bermudian dollar is not normally traded outside of the countries that use it, but it is sometimes used by travelers to the British Virgin Islands, Turks and Caicos Islands, Cayman Islands, and Belize as a convenient substitute for the US dollar.The currency sign for the Bermudian dollar is "" (ISO code "BMD") and the currency code is BMD. The Bermudian dollar is divided into 100 cents. The abbreviation for the Bermudian dollar is "BD$" (singular) or "Bds$" (plural). The symbol for the Bermudian dollar is "B$" (or "Bds$" for plural). The Bermudian dollar is normally abbreviated with the dollar sign "$" (or "dollars" for plural).The Bermudian dollar is fixed at a one-to-one par value with the United States dollar. This means that one Bermudian dollar is equivalent to one United States dollar and vice versa.The currency of Bermuda is administered by the Bermuda Monetary Authority, which was established in 1974 by the Bermuda Monetary Authority Act, 1974. The Act gave the BMA responsibility for monetary policy, bank regulation and supervision, and issuance of Bermuda's currency.
